30% Shareholder definition

30% Shareholder means, in respect of any business combination, any person (other than the Corporation) who or which, as of the record date for the determination of shareholders entitled to notice of and to vote on such business combination,
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30% Shareholder means, in respect of any business combination, any person (other than the Corporation or any Subsidiary) who or which, as of the record date for the determination of shareholders entitled to notice of and to vote on such business combination, or immediately prior to the consummation of any such transaction: (a) is the beneficial owner, directly or indirectly, of not less than 30% of the Voting Shares; or, (b) is an Affiliate of the Corporation and at any time within 2 years prior thereto was the beneficial owner, directly or indirectly, of not less than 30% of the then outstanding Voting Shares; or, (c) is an assignee of or has otherwise succeeded to any shares of capital stock of the Corporation which were at any time within 2 years prior thereto beneficially owned by any 30% Shareholder, and such assignment or succession shall have occurred in the course of a transaction or series of transactions not involving a public offering within the meaning of the Securities Act of 1933.
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Examples of 30% Shareholder in a sentence

  • If no Initial Public Offering has been consummated by the fifth anniversary of [April 1, 1996], then at any time thereafter, any person who at the time of the request described below owns at least 30% of the outstanding Common Shares and who is JEDI or an assignee of JEDI (the "30% Shareholder") may request Mariner LLC to register under the Securities Act all or any portion of its Common Shares.

  • However, this supermajority vote requirement does not apply in certain circumstances, including if the Company Board has, by at least a 75% vote of the directors then in office, (i) given prior approval to the 30% Shareholder's acquisition of 30% or more of the outstanding Common Shares or (ii) approved the business combination prior to the 30% Shareholder having attained its 30% holding.

  • B.2(a) 30% Shareholder............................................................................................

  • As of the date hereof, neither the Company nor any Subsidiary or any of their respective affiliates is an "interested shareholder" of Parent as such term is defined in Section 912 of the New York Business Corporation Law or a "30% Shareholder" of Parent as such term is defined in Article TENTH of Parents' Restated Certificate of Incorporation.

  • Seventy basis points (70 bps) of the dollar value of the securities issued to Investors pursuant to each Offering at the time of closing, with a minimum fee to Folio of the greater of (a) $30 Shareholder per Offering, or (b) $10,000 per Offering.

  • The filing of a registration statement, or any amendment or supplement thereto, by Mariner LLC may not be deferred pursuant to the provisions of the preceding sentence on more than one occasion nor may it be deferred for more than 30 days after the abandonment or consummation of any of the foregoing proposals or transactions or, in any event, for more than 90 days after Mariner LLC's receipt of notice from the 30% Shareholder under this subparagraph (c).